<?xml version="1.0"?><ownershipDocument><schemaVersion>X0101</schemaVersion>    <documentType>3</documentType><periodOfReport>2003-06-30</periodOfReport><noSecuritiesOwned>0</noSecuritiesOwned><issuer><issuerCik>0000895529</issuerCik><issuerName>VAN KAMPEN VALUE MUNICIPAL INCOME TRUST</issuerName>        <issuerTradingSymbol>VKV</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001245053</rptOwnerCik><rptOwnerName>KENNEDY R CRAIG</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>  </rptOwnerStreet1><rptOwnerStreet2>  </rptOwnerStreet2><rptOwnerCity>  </rptOwnerCity><rptOwnerState>  </rptOwnerState><rptOwnerZipCode>  </rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle></officerTitle><otherText></otherText></reportingOwnerRelationship></reportingOwner><nonDerivativeSecurity><securityTitle><value>None</value></securityTitle><transactionAmounts><transactionShares><value>0</value></transactionShares></transactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeSecurity><footnotes></footnotes><ownerSignature><signatureName>/s/ R. Craig Kennedy</signatureName><signatureDate>2003-07-03</signatureDate></ownerSignature></ownershipDocument>

